November 29, 2009

November Net Worth Update (+$9,438.27)

This was our best net worth increase month ever. Our net worth in November increased $9,438.27 from last month, to a total of $63,650.18 (click on spreadsheet below). Our previous record increase was September 2007 with an increase of $8,496.14.

What WorkedWe got a lot done this month. Thanks to my wife’s $4,872 ($2,255.97 net) quarterly bonus, we paid off our 6.5% auto loan! Now we have an extra $450 to save/invest each month. We also contributed a total of $4,257.22 to our retirement accounts (401k & Roth IRAs), a large portion of which was contributed to our Roth IRAs in an effort to reach the $5,000 max contribution by the end of the year. We saw our retirement accounts increase to a total of $6,178.11! On top of all of that, we socked away $500 into our savings account.

What Didn’t WorkNothing, everything went WAY better than we expected.

Next MonthGod willing, December should be another strong month. We’ll likely miss our $75,600 net worth goal for the year by a good margin, but we've made great headway, all things considered. I’ll be posting a review of our 2009 goals next month.